Housing Market
News covering issues affecting the UK residential property market, house prices, interest rates and buying and selling trends.
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BLOG: Spectre of high interest rates still stalking market says Knight Frank
Tom Bill says the current market is shaped by interest rate expectations, with mortgage costs dipping and rising while the Renters (Reform) Bill shows how regulatory uncertainty is lingering.
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Estate agency leader slams ‘limiting’ Land Registry fees
Propertymark CEO Nathan Emerson says current charges by organisation are an obstacle to agents finding essential info.
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‘Bank of Mum & Dad’ helped support a third of sales last year
Latest Legal & General data shows shocking way FTBs now rely on their parents, a growing trend confirmed by estate agency Yopa.
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‘People don’t want to buy trouble’ – messy neighbours hit property values
Untidy neighbouring properties can knock up to £57K off a house price, according to insurer Churchill.
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REACTION: House prices fall for first time in six months
The average house price fell by £2,900 to £288,430 but despite the downturn prices remained higher compared to the previous year, showing a 0.3% increase in March.
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Rightmove reveals big rise in vendors coming to market
The last working day before the Easter break was the best so far this year for the housing market with a large number of sellers taking the plunge, the portal reveals.
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Fall-throughs still costing homesellers nearly £1 billion a year
Home Sale Pack Co-Founder Ruth Beeton says the only reason fall-through numbers are down is due to reduced activity, but now the market is picking up again the cost of fall-throughs will rise with it.
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Savills: Yields finally rising within London’s prime rental market
Savills’ research analyst Jessica Tomlinson says prime rental growth in London has steadied but gap between tenant and landlord expectations has widened.
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House prices rise as market improves, says big lender
Latest stats from Nationwide show annual prices were up 1.6% in March, though the monthly figures were not as encouraging.
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Third of homes sold so far in 2024 go to first-time buyers
Lower mortgage rates driven by falling inflation have proved a lifeline with first-time buyers making up 33% of all buyers in the first quarter of the year.
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